Hyundai Commercial to enter online used equipment auction business

HD Hyundai Construction Equipment will supply the used equipment, and MyCar Auction will operate the auction system

Hyundai Commercial to enter online used equipment auction business
Hyung-Kyu Kim 1
2024-04-05 15:37:00 khk@hankyung.com
Machinery

Hyundai Commercial Inc., Hyundai Motor Group's vehicle financing arm, announced on Friday that it has signed a business agreement with HD Hyundai Construction Equipment Co. and MyCar Auction to establish an online auction business for used equipment.

The latest agreement aims to create an online auction service that allows customers with used equipment to easily and safely participate in auctions.

Currently, the used equipment auction market remains inactive, with auctions held sporadically offline. The three companies anticipate that the online auction service will revitalize the used equipment trading market.

Hyundai Commercial will be responsible for infrastructure development for the online auction service and customer support, including expanding the usage through its app "GoTruck," targeting commercial vehicle drivers.

HD Hyundai Construction Equipment will supply the used equipment, and MyCar Auction will operate the auction system.

"Through this online auction service, customers can now easily and safely sell their existing used equipment," explained a Hyundai Commercial official.

Write to Hyung-Kyu Kim at khk@hankyung.com

HD Hyundai Construction, Infracore to use integrated machinery platform

HD Hyundai Construction, Infracore to use integrated machinery platform

HD Hyundai Construction Equipment is a construction machinery unit of HD Hyundai Group HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two construction machinery units, HD Hyundai Construction Equipment C

HD Hyundai Infracore uses AR to service Develon construction equipment

HD Hyundai Infracore uses AR to service Develon construction equipment

South Korea's construction equipment and engine maker HD Hyundai Infracore Co. on Wednesday said its new augmented reality (AR) guidance app easily diagnoses and repairs problems in its machines.Through AR technology, the app intuitively inspects construction equipment of the company's Develon

HD Hyundai to participate in Ukraine reconstruction project

HD Hyundai to participate in Ukraine reconstruction project

Vasyl Shkurakov (second from left, front row), First Deputy Minister for Communities, Territories, and Infrastructure Development of Ukraine, along with other Ukrainian government officials, visited the HD Hyundai Construction Equipment's Ulsan campus on June 13 South Korea's HD Hyundai Constru

(* comment hide *}